There are two reasons why we would encourage you to open a term deposit with OurBank Ltd.
Most people have their L$ linden dollars sitting in their Second Life account without earning any interest and in many cases you won't spend an average 20% of the funds in your account at any given time. OurBank gives you the opportunity to deposit the funds from your account into an OurBank account so that you will earn interest.
The OurBank Term Deposit is ideal if you want to invest your money for a fixed period, with the security of a known return. It’s suitable for amounts over L$1,000 and you can invest for as little as 30 days.
The main focus of having a savings account is to receive Compound interest. This is interest which is added to the original funds deposited known as principal. New interest is then calculated, not only on the principal, but also on the interest that has been added. The more frequently interest is compounded, the faster the principal grows and you therefore maximise your wealth.
- Open a free account today. A minimum account balance of L$1000.00 applies.
- Receive a 8.50% p.a. (yearly) interest rate calculated daily and automatically paid monthly.
- Fixed term for 30 days (No withdrawal fee will be changed after 30 days)
- Early withdrawal fee of LDN$300.00 applies if within 30 days from date of deposit.
- Make unlimited deposits and withdrawals with no impact on the rate of interest you earn.
To check your balance please go to any OurBank ATM and type: /9 balance ter
To withdraw funds from your account please go to any OurBank ATM and type: /9 withdraw ter (amount)